Teck Resources Stock Forecast, Price & News

Teck Resources' stock was trading at $8.20 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, TECK shares have increased by 56.3% and is now trading at $12.82.
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15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last year. There are currently 3 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Teck Resources is scheduled to release its next quarterly earnings announcement on Friday, February 19th 2021.
View our earnings forecast for Teck Resources.

Teck Resources Ltd (NYSE:TECK) announced its earnings results on Tuesday, October, 27th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.07. The basic materials company earned $2.29 billion during the quarter, compared to the consensus estimate of $2.33 billion. Teck Resources had a negative net margin of 10.04% and a positive return on equity of 3.65%. Teck Resources's revenue was down 24.5% compared to the same quarter last year. During the same period last year, the business posted $0.72 earnings per share.
View Teck Resources' earnings history.

Teck Resources declared a quarterly dividend on Tuesday, August 25th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.037 per share on Wednesday, September 30th. This represents a $0.15 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Monday, September 14th. This is a positive change from Teck Resources's previous quarterly dividend of $0.04.
View Teck Resources' dividend history.

15 brokerages have issued 12 month price targets for Teck Resources' stock. Their forecasts range from $8.50 to $35.00. On average, they expect Teck Resources' share price to reach $20.86 in the next twelve months. This suggests a possible upside of 62.7% from the stock's current price.
View analysts' price targets for Teck Resources.

Teck Resources saw a increase in short interest in the month of September. As of September 30th, there was short interest totaling 9,780,000 shares, an increase of 50.0% from the September 15th total of 6,520,000 shares. Based on an average trading volume of 4,080,000 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.9% of the company's stock are sold short.
View Teck Resources' Short Interest.

Some companies that are related to Teck Resources include Vulcan Materials (VMC), Martin Marietta Materials (MLM), Sociedad Química y Minera de Chile (SQM), MDU Resources Group (MDU), Hecla Mining (HL), Compass Minerals International (CMP), Summit Materials (SUM), Lynas (LYSDY), United States Lime & Minerals (USLM), Galiano Gold (GAU), Galiano Gold (GAU), Ciner Resources (CINR), Gold Standard Ventures (GSV), Gold Standard Ventures (GSV) and Energy Fuels (UUUU).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Teck Resources investors own include Teck Resources (TECK.B), Bank of America (BAC), Intelsat (I), Freeport-McMoRan (FCX), Micron Technology (MU), AMC Entertainment (AMC), Fossil Group (FOSL), Ciena (CIEN), Associated British Foods plc (ABF.L) (ABF) and Chaarat Gold (CGH).

Teck Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "TECK."

Teck Resources' stock is owned by a number of institutional and retail investors. Top institutional investors include QV Investors Inc. (0.58%), Alberta Investment Management Corp (0.31%), PM CAPITAL Ltd (0.31%), Foundation Resource Management Inc. (0.21%), DekaBank Deutsche Girozentrale (0.09%) and One Capital Management LLC (0.04%).

TECK stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Crossmark Global Holdings Inc., Candriam Luxembourg S.C.A., and Winslow Evans & Crocker Inc..

TECK stock was purchased by a variety of institutional investors in the last quarter, including Alberta Investment Management Corp, QV Investors Inc., DekaBank Deutsche Girozentrale, PM CAPITAL Ltd, Fieldpoint Private Securities LLC, Foundation Resource Management Inc., and One Capital Management LLC.

Shares of TECK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of TECK stock can currently be purchased for approximately $12.82.

Teck Resources has a market capitalization of $6.71 billion and generates $8.99 billion in revenue each year. The basic materials company earns $-455,930,000.00 in net income (profit) each year or $2.22 on an earnings per share basis. Teck Resources employs 10,100 workers across the globe.

The official website for Teck Resources is www.teck.com.

Teck Resources' mailing address is 550 BURRARD ST SUITE 3300 BENTALL 5, VANCOUVER A1, V6C 0B3. The basic materials company can be reached via phone at 604-699-4000 or via email at [email protected]